Far East Gold

Bonanza Grade Gold In Newly Identified Quartz Veins Between Aloe Eumpeuk And Aloe Rek Prospects

Far East Gold Limited (FEG or the Company) is pleased to announce that recent detailed mapping and surface rock sampling has confirmed the occurrence of high-grade quartz veins south of the Aloe Eumpeuk prospect at the Company’s Woyla project. This discovery indicates the potential for the Aloe Eumpeuk prospect area to link up with the Aloe Rek prospect area, which is located to the southwest, significantly increasing the 13km defined strike length of the Woyla project’s vein system.


Initial sampling of quartz stockwork veins has returned bonanza grade assay results. This is a very significant discovery as the veins were not previously identified by historical exploration and effectively confirms continuation of the structural corridor between the Aloe Eumpeuk and Aloe Rek prospect areas and the potential for additional veins within in it.

HIGHLIGHTS:

  • Detailed mapping and rock sampling at the new Kareung Reuboeh prospect approximately 1.5km south of Aloe Eumpeuk has discovered two quartz veins for which assay results indicate significant Au concentration.
  • The veins are 1m and 3m in width and occur within the same interpreted structural corridor that hosts the high-grade Aloe Eumpeuk and Aloe Rek quartz vein systems. Four grab samples of exposed quartz veins and quartz stockwork were collected. Two samples of quartz stockwork veins in silicified andesite wallrock in contact with the 3m wide vein returned grades of 28.4 g/t Au, 8.5 g/t Ag and 58 g/t Au, 27.3 g/t Ag. The two grab samples from the 1m wide quartz vein returned 0.08 g/t and 0.48 g/t Au.
  • Additional sampling of exposed quartz veins at the Aloe Rek prospect approximately 1km south of Kareung Reuboeh has further confirmed this area as a priority drill target. Grab samples of the quartz vein material collected from artisanal mining pits returned assays of 14.9 g/t Au, 22.1 g/t Ag and 9.1 g/t Au, 20.5 g/t Ag. Both samples show well developed bladed quartz textures and contain abundant arsenopyrite and pyrite. The samples also contain high concentrations of antimony (Sb) of 640 ppm and 228 ppm. These features are consistent with the veins having formed in a high level part of the vein system where high-grade mineralization often occurs.
  • The Company continues to drill test the Aloe Eumpeuk and Rek Rinti vein systems and will soon be commencing a detailed UAV magnetic survey over the Rek Rinti prospect area to better define the structural framework hosting the veins and also potential secondary structures that appear to control high-grade Au-Ag mineralisation as seen in the Agam vein zone.

Far East Gold CEO, Mr. Shane Menere commented“The results from recent mapping serve to indicate that there are still plenty of significant discoveries to be made within the Woyla project. The Company will continue to identify drill targets and quickly test them. There is plenty of exploration ahead of us.”

Figure 1: Plan map showing the location of recent grab samples and gold assay results.

The discovery of high- grade mineralisation at the Kareung Reuboeh prospect area confirms the continuation of the interpreted structural corridor that hosts high-grade Au-Ag-bearing quartz veins at Aloe Rek and Aloe Eumpeuk prospects. Together this represents a distance of 2.5km with demonstrated potential to contain high-grade mineralization. One drill is currently testing vein targets within the Aloe Eumpeuk prospect area.



Click here for the full ASX Release

This article includes content from Far East Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

Quimbaya Gold Inc. (CSE: QIM) (" Quimbaya " or the " Company ") is pleased to announce its participation in the upcoming 2025 Vancouver Resource Investment Conference (the "VRIC") in Vancouver on January 19-20 2025 . VRIC, is a key event in the junior mining sector for 25 years and draws over 9,000 investors and 300 investment opportunities in the mining sector.

Quimbaya logo (CNW Group/Quimbaya Gold Inc.)

This conference presents an excellent opportunity for Quimbaya to expose early stage discovery investors to its three large scale claim packages in Antioquia, Colombia and to outline its exploration plans for 2025. The conference schedule includes tailored meetings that match investors with appropriate projects, supported by expert analyses and updates on the latest trends in the mining sector.

Investors interested in attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference . Quimbaya invites attendees to visit us at Booth 704 where they will have the opportunity to engage directly with the Company's management team and learn more about Quimbaya's exploration activities.

"We're excited to join VRIC 2025, one of the premier events for investors and resource enthusiasts," said Alexandre P. Boivin President and CEO of Quimbaya Gold.  "This conference is our springboard into our most active year ever on our quest to make the next great gold discovery in one of the best gold rich districts on the planet."

About Quimbaya

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia . Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia .

Quimbaya Gold Inc. 
Follow on X @quimbayagoldinc
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Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/10/c6999.html

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During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's year-end financial results and an update on the Donlin Gold project.

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During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's year-end financial results and an update on the Donlin Gold project.

News Provided by GlobeNewswire via QuoteMedia

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The full outstanding balance of US$5.42 million will be converted into ordinary shares, priced at AU$0.25 each.

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